ABSTRACT
Under a planned economy, Poles and Czechoslovaks frequently pointed out, foreign trade must itself be planned. Exports must be secured on a planned basis to cover scheduled imports necessary for the fulfilment of the domestic plan. 1 And imports themselves need to be such as can be counted upon, in quantities and in so far as possible in price, for a long enough period ahead to cover not only current production but investment planning. The need had been particularly felt in the most recent period when all the planned economies were trying to industrialize at the same time. In the absence of stable trade conditions the most serious dislocations of domestic plan would be possible.
